Wednesday, December 7, 2011

Pre Cash Open S&P500 Futures Chart

5 min ES
As you can see from the chart above, which speaks for itself; the index has reversed from its seemingly endless melt higher overnight into 1268. China seemed get the market going on the market going on the upside but Europe scared the market to the downside. The games are still being played and most of the vol is indeed overnight and or early in the AM. SO trade according.ly

i am looking for 101 to be tested in CL again before possible more weakness if the DX pushes back over 79.... 78.80 currently. This will coincide with a failure of 1255 in the ES. 1250-1255 opening range for the ES.